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U.S. President-elect Donald Trump issued a stern warning to BRICS member countries on Saturday, demanding they pledge allegiance to the U.S. dollar. In a post on his social media platform, Truth Social, Trump declared that any effort to create a new currency or back one to replace the dollar would result in 100% tariffs. This strong message underscored Trump's commitment to maintaining the dominance of the U.S. dollar in international trade, challenging any nations considering alternative economic strategies. (With inputs from agencies.)
While Novo Nordisk 's (NYSE: NVO) Ozempic has gotten most of the name recognition associated with weight-loss drugs, it's not the only drug in this category doing well. While Elon Musk recently showed off his slimmed-down figure in a Santa Claus suit on X calling himself "Ozempic Santa," he wasn't taking Ozempic. Reports indicate he was actually taking Eli Lilly 's ( LLY -1.38% ) weight-loss drug Mounjaro. Eli Lilly's stock has been a strong winner over the past few years, powered by its portfolio of glucagon-like peptide-1 (GLP-1) receptor agonist drugs. The stock is up about 36% year to date as of this writing and has gained around 506% over the past five years. Given the stock's strong performance, the natural question becomes whether the stock is still a buy going forward. Let's see if the momentum can continue. A GLP-1 powerhouse While Ozempic has more brand recognition, Eli Lilly's Mounjaro and Zepbound have proven better clinically at helping patients lose weight. The two Eli Lilly drugs use the same active ingredient -- tirzepatide -- but they are approved for different indications. Mounjaro is approved to help adult patients with type 2 diabetes improve blood glucose levels, while Zepbound is approved to help weight loss in obese adults or overweight adults with at least one weight-related condition (such as type 2 diabetes, high blood pressure, or high cholesterol). Regardless of what they are approved for, however, many non-obese people are using these drugs to lose weight. One example is the already mentioned Elon Musk using Mounjaro, which is technically approved for type-2 diabetes patients. Off-label use of GLP-1 drugs to lose weight has become rampant, helping drive shortages of the drugs and profits for the companies that make them. Meanwhile, a study earlier this year found that Mounjaro was superior to Ozempic in helping people lose weight with similar side effects. The study involved 18,000 people and showed that patients taking Mounjaro were twice as likely to lose 5% of their body weight, 2.5 times as likely to lose 10% of their body weight, and more than three times as likely to lose 15% of their body weight as patients taking Ozempic. Meanwhile, after being on the drug for six months, patients on average lost 10% of their body weight using Mounjaro versus 6% for patients prescribed Ozempic. Novo Nordisk, the maker of Ozempic, has questioned the reported results, saying the optimal dosage for weight loss for its drug was not released. However, Mounjaro is getting a following, with Musk saying he preferred the drug because it was more effective with fewer side effects for him, adding Ozempic made him "fart and burp like Barney from The Simpsons ." Eli Lilly's GLP-1 drugs, meanwhile, have been powering the company's results. Last quarter, Mounjaro revenue more than doubled year over year to $3.11 billion, while Zepbound added an additional $1.26 billion in revenue after being introduced in Q4 of 2023. The company's overall revenue climbed 20%, while its adjusted earnings per share skyrocketed from $0.10 a year ago to $1.18. Excluding a divestiture, revenue would have climbed 42% year over year. Looking ahead, Eli Lilly sees revenue growth accelerating to 50% year over year in Q4, powered by increased production capacity and the launch of Mounjaro in new international markets. The company has been pouring money into increasing capacity, and will also begin to increase spending on demand generation. Since 2020, Eli Lilly has announced more than $20 billion in commitments to build, upgrade, and acquire manufacturing facilities. Is the stock a buy? GLP-1 weight-loss drugs are not the only drugs Eli Lilly is selling and developing. In fact, the rest of its portfolio was solid, with revenue last quarter up 17% for non-incretin drugs, excluding its dispositions. That said, it is these weight-loss drugs that will largely drive its results and the stock moving forward. The company continues to have a big opportunity in front of it, as it looks to continue to increase supply to meet the strong demand. Meanwhile, it is launching the drugs in new international markets and there have been calls for Medicare and Medicaid to expand coverage for the drugs under their programs. Zepbound also just got approval for use in obese patients with moderate to severe obstructive sleep apnea, which opens up a new market for the drug. From a valuation perspective, the stock trades at a forward price-to-earnings (P/E) ratio of 35 times next year's analyst estimates, with a price/earnings-to-growth (PEG) ratio of only 0.6. PEGs under 1 are considered undervalued, so the stock is very attractively valued on that basis. Data by YCharts. Eli Lilly is not without risks. Compounders had been selling cheaper versions of GLP-1 drugs under a shortage exemption, and while Lilly's active ingredient was taken off the exemption list this month, semaglutide (the active ingredient in Ozempic) and liraglutide (the active ingredient in Saxenda) are still on it, which leads to low-price competition. Meanwhile, companies such as Hims & Hers have argued they can still make these compound drugs even after the shortage issues are resolved as there is a well-established precedence of being allowed to sell personalized versions of drugs that can reduce side effects for individual users. Hims & Hers uses personalized medications across its drug portfolio, so a legal battle could be brewing. For its part, Lilly has teamed with Hims & Hers' competitor Ro to offer cheaper prices for Zepbound and to better compete with the compounders. The $400 to $550 per month price is still high, and it also speaks to the risk of potential price pressure these drugs could face. Meanwhile, Musk, who's gained a lot of political influence, said nothing could improve the health of Americans more than offering GLP-1 drugs at super-low prices. While a potential pushback on high GLP-1 drug prices is a risk, for now, this is a stock with huge growth at an attractive valuation. This makes it a solid buy candidate.Limited again, 49ers QB Brock Purdy still fighting sore shoulder
AP News Summary at 10:33 a.m. ESTOSU Police Confirm Pepper Spray Was Used in Viral Videos of Fight After Michigan GameSteven I. Sarowitz Sells 3,083 Shares of Paylocity Holding Co. (NASDAQ:PCTY) Stock
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By ANTHONY IZAGUIRRE, The Associated Press ALBANY, N.Y. (AP) — New York on Friday repealed a seldom-used, more than century-old law that made it a crime to cheat on your spouse — a misdemeanor that once could have landed adulterers in jail for three months. Gov. Kathy Hochul signed a bill repealing the statute, which dates back to 1907 and has long been considered antiquated as well as difficult to enforce. “While I’ve been fortunate to share a loving married life with my husband for 40 years — making it somewhat ironic for me to sign a bill decriminalizing adultery — I know that people often have complex relationships,” she said. “These matters should clearly be handled by these individuals and not our criminal justice system. Let’s take this silly, outdated statute off the books, once and for all.” Adultery bans are law in several states and were enacted to make it harder to get a divorce at a time when proving a spouse cheated was the only way to get a legal separation. Charges have been rare and convictions even rarer. Some states have also moved to repeal their adultery laws in recent years. New York defined adultery as when a person “engages in sexual intercourse with another person at a time when he has a living spouse, or the other person has a living spouse.” The state’s law was first used a few weeks after it went into effect, according to a New York Times article, to arrest a married man and 25-year-old woman. State Assemblymember Charles Lavine, sponsor of the bill , said about a dozen people have been charged under the law since the 1970s, and just five of those cases resulted in convictions. “Laws are meant to protect our community and to serve as a deterrent to anti-social behavior. New York’s adultery law advanced neither purpose,” Lavine said in a statement Friday. The state’s law appears to have last been used in 2010, against a woman who was caught engaging in a sex act in a park, but the adultery charge was later dropped as part of a plea deal. New York came close to repealing the law in the 1960s after a state commission tasked with evaluating the penal code said it was nearly impossible to enforce. At the time, lawmakers were initially on board with removing the ban but eventually decided to keep it after a politician argued that repealing it would make it seem like the state was officially endorsing infidelity, according to a New York Times article from 1965. Other advice columns Dear Abby: My friend says she’s divorcing deadbeat, but so far it’s all talk — and talk Today’s horoscope, Nov. 23, 2024: Truth is unchanging; beauty always changes Miss Manners: Once-close friend doesn’t want to talk to me anymore Dear Annie: I‘m 42. She’s 18. Is it OK for me to ask her out?
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FNA Deadline: FNA Investors with Losses in Excess of $100K Have Opportunity to Lead Paragon 28, Inc. Securities Fraud Lawsuit First Filed by The Rosen Law Firm
WASHINGTON – For years, Pat Verhaeghe didn’t think highly of Donald Trump as a leader. Then Verhaeghe began seeing more of Trump’s campaign speeches online and his appearances at sporting events. Recommended Videos There was even the former president’s pairing with Bryson DeChambeau as part of the pro golfer’s YouTube channel series to shoot an under-50 round of golf while engaging in chitchat with his partner. “I regret saying this, but a while ago I thought he was an idiot and that he wouldn’t be a good president,” said the 18-year-old first-time voter. “I think he’s a great guy now.” Verhaeghe isn't alone among his friends in suburban Detroit or young men across America. Although much of the electorate shifted right to varying degrees in 2024, young men were one of the groups that swung sharply toward Trump. More than half of men under 30 supported Trump, according to AP VoteCast , a survey of more than 120,000 voters, while Democrat Joe Biden had won a similar share of this group four years earlier. White men under 30 were solidly in Trump’s camp this year — about 6 in 10 voted for Trump — while young Latino men were split between the two candidates. Most Black men under 30 supported Democrat Kamala Harris, but about one-third were behind Trump. Young Latino men’s views of the Democratic Party were much more negative than in 2020, while young Black men’s views of the party didn’t really move. About 6 in 10 Latino men under 30 had a somewhat or very favorable view of the Democrats in 2020, which fell to about 4 in 10 this year. On the other hand, about two-thirds of young Black men had a favorable view of the Democrats this year, which was almost identical to how they saw the party four years ago. “Young Hispanic men, and really young men in general, they want to feel valued," said Rafael Struve, deputy communications director for Bienvenido, a conservative group that focused on reaching young Hispanic voters for Republicans this year. “They're looking for someone who fights for them, who sees their potential and not just their struggles.” Struve cited the attempted assassination of Trump during a July rally in Pennsylvania as one of the catalyzing moments for Trump’s image among many young men. Trump, Struve said, was also able to reach young men more effectively by focusing on nontraditional platforms like podcasts and digital media outlets. “Getting to hear from Trump directly, I think, really made all the difference," Struve said of the former president's appearances on digital media platforms and media catering to Latino communities, like town halls and business roundtables Trump attended in Las Vegas and Miami. Not only did Trump spend three hours on Joe Rogan's chart-topping podcast, but he took up DeChambeau's “Break 50” challenge for the golfer's more than 1.6 million YouTube subscribers. Trump already had an edge among young white men four years ago, although he widened the gap this year. About half of white men under 30 supported Trump in 2020, and slightly less than half supported Biden. Trump's gains among young Latino and Black men were bigger. His support among both groups increased by about 20 percentage points, according to AP VoteCast — and their feelings toward Trump got warmer, too. It wasn’t just Trump. The share of young men who identified as Republicans in 2024 rose as well, mostly aligning with support for Trump across all three groups. “What is most alarming to me is that the election is clear that America has shifted right by a lot,” said William He, founder of Dream For America, a liberal group that works to turn out young voters and supported Harris’ presidential bid. With his bombastic demeanor and a policy agenda centered on a more macho understanding of culture , Trump framed much of his campaign as a pitch to men who felt scorned by the country’s economy, culture and political system. Young women also slightly swung toward the former president, though not to the degree of their male counterparts. It's unclear how many men simply did not vote this year. But there's no doubt the last four years brought changes in youth culture and how political campaigns set out to reach younger voters. Democrat Kamala Harris' campaign rolled out policy agendas tailored to Black and Latino men, and the campaign enlisted a range of leaders in Black and Hispanic communities to make the case for the vice president. Her campaign began with a flurry of enthusiasm from many young voters, epitomized in memes and the campaign's embrace of pop culture trends like the pop star Charli XCX's “brat” aesthetic . Democrats hoped to channel that energy into their youth voter mobilization efforts. “I think most young voters just didn’t hear the message,” said Santiago Mayer, executive director of Voters of Tomorrow, a liberal group that engages younger voters. Mayer said the Harris campaign’s pitch to the country was “largely convoluted” and centered on economic messaging that he said wasn’t easily conveyed to younger voters who were not already coming to political media. “And I think that the policies themselves were also very narrow and targeted when what we really needed was a simple, bold economic vision,” said Mayer. Trump also embraced pop culture by appearing at UFC fights, football games and appearing alongside comedians, music stars and social media influencers. His strategists believed that the former president’s ability to grab attention and make his remarks go viral did more for the campaign than paid advertisements or traditional media appearances. Trump's campaign also heavily cultivated networks of online conservative platforms and personalities supportive of him while also engaging a broader universe of podcasts, streaming sites, digital media channels and meme pages open to hearing him. “The right has been wildly successful in infiltrating youth political culture online and on campus in the last couple of years, thus radicalizing young people towards extremism,” said He, who cited conservative activist groups like Turning Point USA as having an outsize impact in online discourse. “And Democrats have been running campaigns in a very old fashioned way. The battleground these days is cultural and increasingly on the internet.” Republicans may lose their broad support if they don't deliver on improving Americans' lives, Struve cautioned. Young men, especially, may drift from the party in a post-Trump era if the party loses the president-elect's authenticity and bravado. Bienvenido, for one group, will double down in the coming years to solidify and accelerate the voting pattern shifts seen this year, Struve said. “We don’t want this to be a one and done thing,” he said. ___ Associated Press writer Joey Cappelletti in Lansing, Michigan, and AP polling editor Amelia Thomson-DeVeaux contributed to this report.Each election demonstrates just how little the average citizen cares about our health and the health of the living planet. It also demonstrates how little we care about what we leave to our children and the generations that follow. Candidates know how little most Americans care about the environment by the limited importance it plays in their campaigns. Sure, there are many important things to consider, but is there anything more important than having a healthy world in which to live? The air we breathe and the water we drink have an enormous effect on our health. How many more children will be saddled with a lifetime of asthma because of growing up with particulate matter and toxic chemicals in the air? Toxic pollution is a causative agent of Parkinson’s Disease. Scientists are now discovering ever-increasing threats to our health with the ballooning load of microplastics in every part of the living world and our bodies. The list of the dangers of toxic pollution in our environment and our homes is growing. The results of the just past election will create an ever-greater threat to our health and well-being. While Democrats have in the past taken positive environmental actions, they have not done nearly enough. Republicans, led by the scientific evidence denier Donald Trump, will not work to protect us, but turn back the clock on the gains that have been made. Since the passage of major environmental legislation in the 1970s, Republicans have sold out our health for the profits of corporations. They say they are protecting jobs, but it’s much more about profits. Sending jobs overseas is fine with them as long as supporters’ portfolios grow. Dave McCormick is a star in this category. When the political right talks about taking government off our backs, they don’t mean people but corporations. It’s all about removing regulations so that the polluters can avoid the costs of cleaning up their toxic wastes. We end up paying the costs. We pay in increased medical costs, increased taxes when governments are forced to clean up the mess, and most importantly our health. Think of all the abandoned and orphaned gas wells and coal sites in Pennsylvania that the state is attempting to remediate. The corporations always work to externalize their costs to others. Those of your fellow citizens who believe that we have a fundamental right to clean air, water and land know that the struggle will be greatly intensified in January. In his first term, Trump eliminated more than 100 environmentally protective measures. He has called climate change a hoax. His appointments to environmentally related agencies will be focused on protecting corporate profits, not the environment. He has submitted the name of an oil executive to run the energy department. A man whose concern will be the profits of big carbon: oil, gas and coal. He will work against the transition to clean energy. Clean energy is now less expensive than what he wants to sell. There are no fuel costs for the sun or the wind! Climate change is an existential threat. What deniers think doesn’t alter the facts. It only demonstrates that they a willfully ignorant. Thermometer readings are a matter of fact, not supposition. The increasing levels of CO2 is a measurable fact, not opinion. The increasing intensity and frequency of storms is a confirmable fact. Even if we now act with urgency, it will take some time for these changes to arrest the climatic changes we are now causing, but not acting condemns most of life on this planet, including the human race. You may have voted thinking that Trump will improve the economy. We will hold our breaths on that. The rich know that Trump will take care of them because he is one of them. In voting for Trump you gave us a package of destruction. Now is not the time to hang our heads, but to double our efforts to protect our grandchildren and all the other grandchildren around the world. Saying you care means little. Only action counts. Jack D. Miller lives in Lewisburg.CIBC Asset Management Inc Grows Holdings in SoFi Technologies, Inc. (NASDAQ:SOFI)
NORAD's Santa tracker was a Cold War morale boost. Now it attracts millions of kids
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